Texas Permanent School Fund increased its holdings in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 4.7% in the 1st quarter, Holdings Channel reports. The firm owned 63,658 shares of the Wireless communications provider’s stock after acquiring an additional 2,829 shares during the quarter. Texas Permanent School Fund’s holdings in Telephone & Data Systems were worth $1,956,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Telephone & Data Systems by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,420,433 shares of the Wireless communications provider’s stock valued at $274,001,000 after buying an additional 305,937 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Telephone & Data Systems by 102.0% in the fourth quarter. Acadian Asset Management LLC now owns 2,562,006 shares of the Wireless communications provider’s stock valued at $83,364,000 after purchasing an additional 1,293,815 shares during the period. Northern Trust Corp increased its holdings in shares of Telephone & Data Systems by 12.2% in the fourth quarter. Northern Trust Corp now owns 1,604,643 shares of the Wireless communications provider’s stock valued at $52,215,000 after purchasing an additional 174,624 shares during the period. Norges Bank acquired a new position in shares of Telephone & Data Systems in the fourth quarter valued at approximately $49,870,000. Finally, Geode Capital Management LLC increased its holdings in shares of Telephone & Data Systems by 30.8% in the fourth quarter. Geode Capital Management LLC now owns 1,421,622 shares of the Wireless communications provider’s stock valued at $46,258,000 after purchasing an additional 334,975 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

In related news, insider Kenneth R. Meyers sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total transaction of $1,292,000.00. Following the transaction, the insider now owns 32,305 shares of the company’s stock, valued at $1,043,451.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell H. Saranow sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $31.75, for a total value of $127,000.00. Following the transaction, the director now directly owns 15,074 shares in the company, valued at approximately $478,599.50. The disclosure for this sale can be found here. Insiders have sold 44,350 shares of company stock worth $1,430,127 in the last ninety days. 14.33% of the stock is currently owned by corporate insiders.

TDS has been the topic of a number of recent research reports. Zacks Investment Research lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. TheStreet lowered Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Wednesday, May 1st. Finally, ValuEngine lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Telephone & Data Systems has an average rating of “Hold” and an average price target of $38.20.

Shares of NYSE:TDS traded up $0.26 during trading on Tuesday, reaching $31.65. The company had a trading volume of 1,995 shares, compared to its average volume of 832,903. The firm has a market cap of $3.52 billion, a P/E ratio of 26.97 and a beta of 1.00. The company has a current ratio of 2.42, a quick ratio of 2.25 and a debt-to-equity ratio of 0.62. Telephone & Data Systems, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $37.29.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. Telephone & Data Systems had a return on equity of 2.92% and a net margin of 3.00%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. Telephone & Data Systems’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts forecast that Telephone & Data Systems, Inc. will post 1.03 EPS for the current fiscal year.

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About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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Institutional Ownership by Quarter for Telephone & Data Systems (NYSE:TDS)

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